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13h ago

Piers Morgan’s Uncensored Nears $130 Million Valuation as $30 Million Raise Takes Shape

Expected backing from Raine Group and Theo Kyriakou signals a pivot to a broader media business.

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Overview

  • Morgan is finalising roughly $30 million in new funding that would value Uncensored at about $130 million pre-money, according to Sky News reporting.
  • The Raine Group and Greek media mogul Theo Kyriakou are set to invest, with Raine co-founder Joe Ravitch expected to join the board.
  • Marketing veteran Michael Kassan is advising on advertising strategy and may invest in a personal capacity.
  • Plans include launching vertical channels in sport, history and technology, with a chief executive to be recruited to drive expansion.
  • Channel 5 will air a weekly 90-minute round-up built from Uncensored content, while News UK keeps a share of YouTube ad revenue through 2029 as the channel surpasses 4.3 million subscribers.